United Bank of India has reported a rise of more than 22% (YoY) in profits for the first quarter of FY12. During the period, net profit of the bank has increased to Rs 132 crore as against Rs 108 crore in the corresponding quarter of last fiscal year.
Net interest income shot up 12% to Rs 569 crore from Rs 509 crore year-on-year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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